SocialLender vs The Partner Platform

Social Lender is a lending solution based on social reputation on mobile, online and social media platforms. The solution is designed to bridge the gap of immediate fund access for people with limited access to formal credit. Social Lender uses its own proprietary algorithm to perform a social audit of the user on social media, online and other related platforms and gives a Social Reputation Score to each user. Loans are guaranteed by the user’s social profile and a network allowing users to then borrow from banks and other financial institutions based on their social reputation. (edited) Social Lender offers loans from 1000 to 100,000 Naira to users using your social reputation as collateral.

The Partner Platform is a networked fund-sharing platform in which familiar groups contribute to a closed lending group and take turns withdrawing the sum of the pool value on a cyclical basis. Globally, many people in family/friend groups participate in interest-free closed lending groups managed by a trusted member who is known as the ‘banker’, and funds are distributed to members on a schedule, granted, each member has given their contributing portion each month. The Partner Platform enables members to create and participate in blockchain-powered closed lending-groups with utilizable functionalities, such as established official record-keeping, automated scheduling and fund distribution, in-built communication channels, streamlined loading and unloading of funds using debit cards and bank accounts, plus more.